Big Move: Douglas Harmon, Adam Spies Leave Eastdil for Cushman & Wakefield
Terence Cullen Oct. 6, 2016, 3:42 p.m.
The longtime Eastdil Secured brokers are serving as chairmen of C&W’s capital markets division, according to the information. The pair effectively joined the firm today.
Kevin Donner, a managing director at Eastdil who had been with the firm since 2005, is also joining C&W in the move, the statement said. He will be an executive managing director.
“As the recognized leaders in the New York institutional capital markets business, we are pleased to welcome Doug, Adam, and Kevin to Cushman & Wakefield,” Brett White, C&W’s chairman and chief executive officer, said in prepared remarks.
He and Spies regularly worked together on some of the largest sales in New York, including the $1.78 billion sale of the Crown Building on Fifth Avenue to Jeff Sutton of Wharton Properties and Chicago-based General Growth Properties. The duo was among the highest-ranking brokers to make Commercial Observer’s 2016 Power 100 list, coming in at number 16 (10 spots ahead of a year earlier).
The move is a major boost for C&W, which finalized a $2 billion merger with Chicago-based DTZ in September 2015. Around the same time, C&W lost longtime broker Helen Hwang who moved to Meridian Capital Group’s new investment sales wing.
A representative for Eastdil Secured, a subsidiary of Wells Fargo, did not immediately return a request for comment.
Harmon and Spies didn’t immediately respond to a request for comment, and Donner could not be reached.